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Benzinga
146 days

Rumble's Crypto Presence Set To Strengthen Following Tether's Recent Investment: Analyst

1. Wedbush maintains Neutral rating, lowers RUM price target from $13 to $10. 2. RUM's Q4 sales reached $30.20 million, beating estimates with 48% growth. 3. Tether's investment will enable international expansion and enhance crypto community ties. 4. First-quarter revenue forecast cut to $23.6 million, down from $30.2 million. 5. Long-term potential exists if RUM increases average revenue per user sustainably.

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FAQ

Why Bearish?

Adjustments in revenue estimates and price target indicate weakened near-term performance.

How important is it?

The article directly impacts RUM's projections and investor sentiment through revised guidance.

Why Short Term?

Immediate effects seen through revised forecasts may influence trading sentiment quickly.

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